Bitcoin traders are optimistic following recent retail shakeups, with on-chain data indicating massive institutional adoption and a new bull phase.
Long-term holders (LTH) have seen a surge in buys, signaling a potential bullish market trend. Recent movements, including exchanges seeing large outflows, support this optimism.
There has been a significant increase in whale accumulations, with over 30,000 BTC acquired in the past four days, driven by institutional participation.
Mainstream adoption of Bitcoin is on the rise, with wallets holding above 1000 BTC steadily adding tokens. Countries like the US and Pakistan are showing interest in building strategic Bitcoin reserves.